Well the volume is doing all the talking and this is just the beginning of a major re rating, BRK is way too cheap and Red Leaf target of 8c is reasonably conservative, if they increase production from 300 to 1000 barrels a day as quoted, the $2m figure will go up to $7m, this is for a company that is worth $15m.
The 8c estimate will be reached by end of year, without a doubt, imagine if the oil keeps going up and what about the land value, it does not matter which way u look at this stock......IT IS A BLOODY BARGAIN.
BRK discussion, page-141
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.27M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $9.061K | 752.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2605358 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 27608377 | 35 |
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| Last trade - 14.50pm 25/07/2024 (20 minute delay) ? |
| BRK (ASX) Chart |